Veteran insider set to head Hong Kong’s finance industry advisory body
Laurence Li Lu-jen set to succeed Laura Cha at Financial Services Development Council, and wants to see the body push innovation and investor protection
Li, 47 and a finance and banking specialist, had joined Cha to help establish the FSDC in 2013 and is currently the convenor of its research committee. He has also worked at the Securities and Futures Commission (SFC), the market regulator.
“Li was the one who helped Cha to set up the council. He is the most suitable candidate for the post,” one of the sources told the South China Morning Post.
Li declined to comment on any appointment.
“Whoever would become the chairman of FSDC, he or she would need to promote fintech and innovation in Hong Kong. The FSDC would also need to propose more measures to enhance investor protection,” Li said.